COINBASE EXPANDS BEYOND CRYPTO WITH STOCK LEVERAGE BETS

Ryan VanGrack, vice chair and head of corporate affairs at Coinbase, announced the initiative during an appearance on Bloomberg Crypto. The development represents the company's push into traditional financial markets and derivatives trading. The regulatory filing opens the door for US-based investors to access leveraged stock positions around the clock, a capability typically restricted in conventional markets due to trading hour limitations. VanGrack also addressed recent US regulatory developments and confirmed Anthony Armstrong's appointment to the company. The announcements underscore Coinbase's strategy to broaden its service offerings beyond its cryptocurrency core business. The move comes as major crypto exchanges face increased regulatory scrutiny and seek to diversify revenue streams through traditional financial products. Coinbase's expansion into leveraged stock trading could reshape how retail investors access these instruments.